Stock Market Shifts: Value Stocks Gain, Tech Cools Off

On November twelfth, the stock market witnessed a significant shift, with value-oriented companies gaining traction as investors moved away from overpriced tech and AI stocks. This trend, coupled with hopes of an ending government shutdown, boosted the markets morale. However, the tech-heavy Nasdaq fell by 1.4% due to profit-taking, even from companies like Palantir Technologies. Major banks see this as a healthy correction in a long-term bull market, indicating a more discerning approach to AI investments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.